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samestepp samestepp
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A year ago
The table below shows hypothetical tuition costs at a Canadian university.

YearTuition
2018$5000
2019$5050
2020$5100
2021$5150
2022$5200

TABLE 2-1

Refer to Table 2-1. Assume that 2018 is used as the base year, with the index number = 100. The value of the index number in 2019 is

▸ 96.

▸ 0.96.

▸ 1.04.

▸ 104.

▸ 100.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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jtarinayjtarinay
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